Question 1

What is the conforming loan limit for Tulare County?

Accepted Answer

Tulare County follows the baseline conforming limit set by the FHFA each year. Most Visalia homes fall comfortably under that limit.

Question 2

Do I need 20% down to get a conforming loan in Visalia?

Accepted Answer

No. You can put down as little as 3%. You'll pay PMI until you reach 20% equity, then lenders must cancel it.

Question 3

How does my credit score affect my conforming rate?

Accepted Answer

The higher your score, the better your rate. Scores above 740 get the best pricing. Below 680 and costs climb noticeably.

Question 4

Can self-employed borrowers use conforming loans?

Accepted Answer

Yes, but lenders require two years of tax returns. Fannie Mae and Freddie Mac guidelines are strict on income documentation for self-employed borrowers.

Question 5

Is a conforming loan better than an FHA loan in Visalia?

Accepted Answer

For buyers with 620+ credit and 5% or more down, conforming usually wins. FHA's lifetime mortgage insurance adds up fast.

Question 6

How long does a conforming loan take to close in California?

Accepted Answer

Most conforming loans close in 21–30 days. Standardized guidelines keep underwriting moving faster than non-QM or jumbo products.

Conforming Loans in Visalia, CA: Straightforward Financing for the Central Valley